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Meet Brynn, a 12-year-old entrepreneur using Greenlight to help kids beat cancer

You’ve probably heard: If you have a talent, use it. But how about “Use it for good?” That’s exactly what 12-year-old Brynn G. is doing. Not only does she make and donate custom face masks to schools, she also sells them — and gives 20% of sales to St. Jude Children’s Research Hospital. Yep, that’s a whole lot of good.

Meet Brynn

Like most 7th graders, Brynn has plenty of energy. (Remember those days?) She spends her time cheerleading competitively, skateboarding and hanging out with friends — socially-distanced, of course. Here’s what makes her different: She runs a business. You heard that right — Brynn sews and sells face masks for her own company, B Creates. And she’s not planning on stopping any time soon.

How Brynn got started

Brynn honed her stitching skills alongside her grandma, who handed down the sewing machine she uses today. It wasn’t until the pandemic hit that Brynn turned sewing into a business. One day at home, she used the extra material from cropping a shirt to make a face mask. Her mom posted it on Facebook and word got out: This girl’s got talent. So, she started making and selling custom masks. And just seven weeks later, she had already sold 569 masks!

Brynn gives 20% of her sales to St. Jude Children’s Research Hospital — to help save kids’ lives. Did we mention she chose that charity all on her own? Major kudos. Brynn has also donated 20 masks to her local elementary and middle school… because everyone deserves a cool, custom mask, right? Think: colorful leopard, purple cosmic swirls and our personal favorite, llamas.

While Brynn sews the masks herself, she passes over the iron to her mom, Janice, who’s been supportive since the start. At first, Brynn wasn’t so sure about her business idea. She thought she’d get 20 orders, if that. Talking it over with her parents gave Brynn the confidence to really go for it.

After seeing how much money Brynn was making from masks, Janice decided to open her a Greenlight account to track it all. Janice can transfer money from Facebook sales right to Brynn’s Spend or Save accounts — empowering her to take matters into her own hands. So while Brynn is in the business of creating, she’s also learning. And you can’t put a price on that.

What’s next?

Right now, Brynn is using her Greenlight account to save up for a new sewing machine, so she can make more masks and raise more money for St. Jude Children’s Research Hospital. The jury is still out on where she’ll buy the new machine, so Janice set her Greenlight account to Spend Anywhere, giving Brynn the “green light” to exercise responsible spending
 
If you’d like to support Brynn’s mask-making business, head to the B Creates Facebook Group. All of her masks are washable, reversible and only $5. And remember: 20% of sales go to help kids who are battling cancer.

6 signs your kids are ready for their first debit card

Letting your kids graduate from handling cash to carrying a debit card is a big milestone. And that leaves us with a big question: When’s the right time?

With the holidays around the corner and gifts to be bought, we’d venture to say right now is the perfect time. If you’re still on the fence, look out for these 6 signs that your kids are ready for their first debit card.

Sign #1: They’re always asking for cash (or worse, your debit card)

Hand them cash and they spend it. Lend your debit card and they lose it. Okay — we’ll give them more credit than that, but you can probably relate. While these options may get the job done, they don’t give you a long-term solution for sending money to your kids. 

With cash, kids won’t learn how to track their balances and set a budget. That’s where a debit card comes in handy — but instead of lending yours, you can get them a special one made just for them.

Sign #2: They’re starting to earn money

Vacuuming once a week or making the bed every day? We’ll leave that up to you. If your kids are starting to earn money — whether it’s an allowance or a part-time job —  they’re going to need a place to put it. And no, we’re not talking about piggy banks.

As soon as your kids start to earn, get them set up with the Greenlight card and app so they can complete chores and get paid an automated allowance. Ready for the best part? When they earn on their own, they’ll start to learn why it’s important to take good care of their money.

Sign #3: They’ve got spending down, but they could use help with saving 

Alright, so they’ve started spending money. That’s great! Spending wisely is a big life lesson on its own. But we have to ask… How are they doing with their savings?
 
The good news is you don’t have to have a long lecture about saving. They’ll learn all about it when they get a debit card and start handling money on their own. Plus, you can help them make saving a habit with automatic saving tricks, like Round Ups (so they send extra cents into savings) and Parent-Paid Interest (so you can set an interest rate on their savings).

Sign #4: They’re ready to buy things on their own

When your kids are starting to order pizza delivery or buy things online, they’ve already made the first step at managing their money. The next step is letting it happen — and putting guardrails in place to make sure they’re spending wisely and safely.
 
Every family is different, so you can use your Greenlight app to set spending limits that will work best for your kids. Let’s say one of your kids is already driving. You can set spending limits for gas only (no sneaky snacks from the gas station). Or maybe you have a child who loves spending at Target. You can set spending limits so those shopping trips don’t get too out of hand.

Sign #5: They’re thinking ahead

Ask your kids if they have anything big they’d like to save up for. Who knows? They may have big plans for their money. If they don’t, help them come up with savings goals. These savings goals can be short-term or long-term. 

Not sure where to start? Here are some of the most popular savings goals from our Greenlight families:

  • AirPods
  • Car 
  • Sneakers
  • College
  • Video games

Sign #6: They’re ready for the money talk

They’re asking you the difference between debit and credit. They’re wondering how much money you make. They’re buying you gifts for your birthday.

While these things may feel uncomfortable at first (talking about money is hard!), this is actually a sign that your kids are ready and willing to learn. Kids learn by doing, so there’s no need to sit down and have a napkin-math lesson on money management. That’s boring! Instead, get your kids their own debit card and let the learning happen naturally — with the help of Greenlight’s balance monitoring, real-time alerts and automated allowance to make your life easier at the same time.

This Greenlight teen used his savings to publish a book series about overcoming your fears

Writers move and shape our world, and we know a Greenlight teen who is making a big impact with his wordsmithing wisdom. Stephen M. is a 13-year-old who wrote a book, runs a side hustle and is saving his money to publish an entire series. Writers and dreamers — this one’s for you!

Meet Stephen 

Stephen is a writer, artist, musician, athlete and entrepreneur. WOW! He’s been playing baseball since he was little, coached by a special someone — his dad. Recently, he moved all the way from Florida to Alaska. (Talk about a big move!) And at 13 years old, he decided to publish a book.

Ever since he could talk, Stephen has had a stutter. While 5-10% of children have a stutter at some point, about 3 out of 4 children outgrow it. Stephen did not outgrow his stutter, but he did outgrow his fears. So, he turned to his pen and paper to weave together a story made to inspire and educate the world on speech fluency disorders and disabilities.

How Stephen got started

Growing up, Stephen faced challenges with his stutter. He took the time to learn about it and he discovered that our differences are what make us unique and special.

In true writer fashion, he channeled his thoughts and feelings into a story and named the book Stutter-fly. Stutter-fly follows the story of a butterfly named Jimmy, who goes on a journey to learn how to overcome his stutter. What he ends up learning is so much bigger: He learns to love himself for who he is.

When he finished his story, he had one last step before publishing it. He needed an illustrator to bring his words to life with beautiful imagery. Here’s where Stephen’s entrepreneurial spirit comes in handy. He pulled together his resources, whipped out his business brain and started selling water bottles and candy to pay for a professional illustrator. 

He set a savings goal of $2,000 in his Greenlight app and picked up weekly chores to earn an allowance on his Greenlight card. After reaching his goal and picking an illustrator, Stutter-fly was born. 

Just like Jimmy the Stutter-fly learned (you’ll have to read the whole story!), Stephen has learned an important lesson about being nice to others. He plans to publish a book series to inspire readers of all ages to appreciate our differences as part of our stories.

To put action behind his words, Stephen saves 10% of his earnings for a non-profit organization he’s planning to start for young Black authors aged 5 to 17. No matter how old you are or what you do, there’s always a chance to do good with your money. 

What’s next?

Writer’s block isn’t hitting Stephen anytime soon. He’s already brewing ideas for the next book in his series. That’s right — series. He’s got big plans, with a goal of $8,000 to help him live out his dreams and bring his words to the world. 

In honor of International Stuttering Awareness Day, we hope Stephen’s story can inspire you and your family. To learn about International Stuttering Awareness Day, read more on Stephen’s website or order his book, Stutter-fly, on Amazon.

5 ways to use your kids’ debit card to talk about holiday spending

As we come up on March 95th (er, autumn), it’s safe to say we could all use a little joy around here. The holidays are around the corner, which might mean gifts, homemade meals, decorations up the wazoo and of course… holiday spending. Grab your kids’ debit cards and open your Greenlight app for ways to budget for the season. 

Create a fall budgeting bucket list 

Illustration of fall leaves and rake

You’ve probably seen the fall bucket lists that are all over Pinterest right now. Your kids can make one too! With your budgeting bucket list, talk about saving, setting spending limits and picking up extra work to bump up the budget. Here’s a list for your kids to get started: 

  • Pick three outdoor chores to add to your rotation as the temperatures drop. Every two weeks of allowance (it’s automated!), put a % in your holiday gift funds.
  • Spend on one fun fall activity. Take a picture and pat yourself on the back because you budgeted for it. 
  • Set a new savings goal every month for the rest of the year. Have some fun with it! 
  • Have a practice negotiation exercise with a scarecrow or a pumpkin. Remember: negotiating your allowance impacts your budget! Make it fun with an autumn-themed negotiation subject. 

Let them spend

Probably not the advice you were expecting, right? Well, if you haven’t heard it enough from us… kids learn by doing. They learn what it means to spend money when they actually do it. 

Let’s face it — they’re going to spend money at some point. And if you want a nice gift over the holidays (wink, wink), it’s better to be there with them for their first big purchase so you can point out ways to save up for the next one. Go online shopping together and let them pay for a holiday item of their choice (like decorations for their room or a holiday gift) using their Greenlight card.

Look for sales together

Jack-o-lantern saying "Deal or no deal?"

You know what’s better than scoring a sale? Finding a sale with your child. It’s the parent jackpot because 1) You’re both saving money and 2) You’re laying the foundation for your kids to always look for sales. 

From early bird October deals to Black Friday, you have lots of opportunities to teach your kids the value of a good bargain. When Cyber Monday rolls around, take a moment to talk about online safety. And when we get to December (finally!), show your kids how to use their Greenlight app to create different buckets for their holiday spending. P.S., if it gets too out of hand, set spending limits in your companion app.

Make a gift list

One of the greatest joys of the holiday season is giving. Instill this habit in your kids by sitting down and drafting a gift list with them. From Uncle Jim’s chocolate-covered pretzels to gag gifts for the siblings, this exercise will get your kids ahead of the game on their shopping lists — with an estimated cost for each gift. 

Aside from holiday gifts, kids can also celebrate generosity by giving back to the community. This year, volunteering might be tough (unless you’re volunteering virtually), so a nice alternative way to give is by donating to charitable organizations.

 Remember what matters

It’s easy for shoppers of all ages to get caught up in the holiday spending chaos. With COVID-19, budgets may be tighter and celebrations may be different. Come back to what matters most: your family. 

While this may not be a “money talk,” it’s a great real-life talk. Let your kids ask their questions or express their opinions about this holiday season. We’re all doing the best we can, so if you need a friend, coupon expert or budgeting tool, you can always lean on Greenlight.

Spotlight Stories: William B.

Every kid has a dream car, but how many end up owning it? We know one Greenlight driver who worked hard, saved up and bought his dream car at the age of 16. 

Today’s Spotlight Story takes us on William B’s financial journey, from “Dad, can I have…?” to a part-time job that will eventually pay off his Mustang. If you’ve got a story about your kids doing big things with their cha-ching, reach out with a direct message on Instagram or Facebook, or email us at social@greenlightcard.com.

Meet William 

William, September Spotlight Story, driving the mustang he bought with his own money

William is a junior in high school who plays soccer, hangs out with friends and does normal high school things. But what most people don’t know about him is he’s a money managing machine. 

That’s because William made a big goal for himself: He wanted to buy a car. Before coming up with this goal, he didn’t have a ton of experience handling money on his own. When he needed to buy something, he’d ask his parents for some cash or he’d mow the lawn on a Saturday to earn a quick allowance. But that quickly changed when he set a savings goal for a sporty white 2016 Mustang in his Greenlight app

How William got started  

We’re going way back to William’s first concept of money: “Dad, can I buy that?” To help William learn more about money, his parents looked for something that could make budgeting fun and easy — and something that could do the work for them. They found Greenlight, got William a custom card and the rest is history. 

To start saving for his future car, he set a savings goal to reach $1,000. After getting a part-time job at the local Walmart as a personal shopper, he reached his goal pretty quickly. Plus, his dad promised to match him dollar-for-dollar to reward his hard work. (Psst, this really works. Dollar matching or setting Parent-Paid Interest encourages your kids to keep up the good work!)

Bold fact about William: As a personal shopper, William can pick 178 items per hour.

Being a personal shopper means being quick on your feet! For William, it means picking 178 items an hour and then hand-delivering them to customers who are waiting outside. This was particularly helpful for shoppers who wanted to be safe and distanced in the pandemic. 

Advice from September Spotlight Story, William: Don't let your goals out of sight.

William’s advice goes for all ages (parents included). His two cents: Set a goal, work hard for it and don’t let it out of sight. $1,000 may seem like a lot — especially for a student — but when you chip away at your goal and keep your eyes on the prize, it’s a lot more doable. 

What’s next? 

Now that the ‘stang is in his hands (er, driveway?), William is tackling his monthly car payment using his Greenlight card and hard-earned money skills. Next on his list of savings goals? He wants to blackout the rims of his sporty ride. Kudos, William!

Greenlight announces Series C fundraising to help millions more parents raise financially-smart kids

With more than 2 million parents and kids by our side, today we announced our Series C fundraise and a shiny new valuation.

We’re grateful for the families and investors who have helped us reach this point, and we’re beyond excited to continue to grow. Full press release is below.

Greenlight Raises $215 Million at a $1.2 Billion Valuation To Help Millions More Parents Raise Financially-Smart Kids

ATLANTA, (September 24, 2020) – Greenlight® Financial Technology, Inc. (“Greenlight”), the fintech company on a mission to help parents raise financially-smart kids, announced today a valuation above $1.2 billion after raising $215 million in Series C funding. The series was led by Canapi Ventures and TTV Capital with participation from new investors BOND, DST Global, Goodwater Capital and Fin VC along with Greenlight’s first institutional investor Relay Ventures. 

Since launching its debit card for kids in 2017, Greenlight has experienced explosive growth. The company now serves more than 2 million parents and kids, helping them manage their family finances and navigate the world of money together. To-date, Greenlight kids have collectively saved more than $50 million.

“Greenlight’s rapid growth is a testament to the value they bring to millions of parents and kids every day. My wife and I trust Greenlight to give us the modern tools to teach our children how to manage money,” said Gardiner Garrard, Founding Partner at TTV Capital. “TTV Capital is thrilled to provide continued investment to help the company empower more parents.”

Greenlight is the comprehensive, all-in-one money management platform purpose-built for families. Its parent-managed debit card for kids with companion apps give parents the ability to pay allowance, manage chores and set flexible, store-level spend controls. Kids explore lessons in earning, saving, spending and giving with a debit card and app designed just for them. 

“Greenlight’s purpose-based mission of bringing financial literacy to families is massively impactful.” said Neil Underwood, partner and co-founder of Canapi Ventures, “We’re super excited to back this amazing leadership team who is introducing financial services to an entirely new demographic.”

“Greenlight’s smart debit card is transforming the way parents teach their kids about responsible money management and financial literacy,” said Noah Knauf, general partner at BOND. “Having achieved phenomenal growth year-over-year, this is a company on the fast-track to becoming a household name. We look forward to working alongside the Greenlight team to support their continued growth.”

The Series C funding will accelerate Greenlight’s mission, propelling the company to reach more families and provide them with new ways for kids to learn about the world of money. In the coming months, Greenlight families can look forward to a completely reimagined app and new investing tools made for kids.

“We’re honored to partner with both new and existing investors for our Series C round to continue inspiring future generations to be financially happy and healthy,” said Johnson Cook, President and Co-Founder of Greenlight. 

“Our vision is to help all families worldwide to be smart about personal finance, providing innovative ways for kids to learn, so that every child can reach their full potential. We look forward to continuing to grow with our families.” said Tim Sheehan, CEO and Co-Founder of Greenlight.

For more information on Greenlight, please visit greenlightcard.com, or follow Greenlight on Facebook and Instagram.

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About Greenlight:

Founded in 2014, Greenlight Financial Technology is an Atlanta-based fintech company that’s committed to empowering parents to raise financially-smart kids. Its groundbreaking family finance product, Greenlight®, is a debit card for kids that parents manage by app using flexible parental controls. Patent-pending technology enables parents to choose the exact stores where their children can spend, manage chores, set parent-paid interest rates on savings and more. Kids monitor spending, watch their savings grow and learn to make real world trade-off decisions.

The Greenlight Card is issued by Community Federal Savings Bank, member FDIC, pursuant to license by Mastercard International. For more information, please visit: www.greenlightcard.com

5 Important Money Lessons for Kids of All Ages

The kids are back in classes, and the learning is off to a good start (right?). Between the math homework, pop quizzes and history lessons that just don’t stick, it’s easy to forget about some of the lifelong money lessons your kids have right in front of them at home. Not sure where to start? We’ll give you a headstart with five fun ones! 

Money lesson #1: You’ll have to make decisions with your money. 

This one’s easy for grownups because we make decisions all the time. But kids are still learning the ropes of decision-making. Start small. Explain why you choose to spend money on groceries instead of takeout. Or clue them in on why you chose to buy one car over another. Eventually, they’ll start making tradeoffs on their own. 

Show, don’t tell: Get your kids a Greenlight login and send them money for spending and saving. The next time they ask you to buy something at the store, tell them they have a choice to make in their Greenlight app! 

Money lesson #2: Money comes from hard work. 

The earlier kids can understand this, the better. Psst, we’ve got an idea. Set them up with chores and choose whether or not an allowance works for your family. Believe it or not, pulling out the vacuum or washing the car actually helps your kids become more responsible. Just ask Marty Rossman, who researched the impact of household chores at a young age. She found the “best predictor of young adults’ success” was their involvement in household chores at a young age. 

Make chores fun: Turn on some music and come up with a fun name for your kids’ chores in your Greenlight app.  

Money lesson #3: Compound growth helps you grow your money.

Ever heard of the marshmallow experiment? You know — one marshmallow now or two marshmallows later? Your kids can learn about compound growth in simple terms like this. If you save and invest at a young age (even if that means spending less in the short term), it’ll pay off in the long run. Big time.

Incentivize your kids: Pay your kids an interest rate on their savings. Setting Parent-Paid Interest lets you decide how much you want to give, from 0-100%. The average rate for Greenlight parents is 18%. Start here and raise it as they save more. Spoiler alert — they will. 

Money lesson #4: You are your own money managing boss. 

One day, your kids will be budgeting, saving for their dream car and making big decisions with their money… OR they can get started right now. To get them in the habit, encourage them to put money toward savings goals or try Greenlight’s Round Ups to send extra cents into savings. They’ll get the hang of it — and yes, they’ll get that dream car much sooner if they start young!

Let them take the reigns: When they’re managing their money, they might have a hiccup every now and then. That’s okay! They’re learning while they have you to coach them. Talk about those hiccups and learn from them together. 

Money lesson #5: Money doesn’t grow on trees (but really!)

Okay, let’s be real. How many times have you told your kids that money doesn’t grow on trees? It’s one thing to say it, but for them to learn it, they’ll need to see it in action. When they’re constantly borrowing money from you (especially cash), they don’t have a full grasp on spending and saving. To them, it’s just their parent’s bank account — which may seem endless. 

Get the ball rolling: Give them their own debit card (a la Greenlight) with money set aside for different expenses: restaurants, gas only, general spending, you name it! 

That’s a wrap! Now you know how to make chores fun, get a debit card for your kids and set an interest rate to incentivize saving habits. And hey, these aren’t just money lessons for kids —  you might even learn a thing or two about managing your money!

Can video games teach kids about money?

XBOX, PlayStation, Nintendo, Twitch. If you’re a parent, you’ve probably heard your kids talking the gamer talk along with their favorite games like Madden, Fortnite, Mario Kart and Minecraft. 75% of Americans have at least one gamer in the house, so we’re not surprised by the wave of Greenlight families sharing their gaming experiences with us.

Whether your kids prefer mobile gaming or they kick it old school with Nintendo, video games can quickly become a favorite pastime… and a recurring cost. On average, parents spent $433 on video games PER YEAR! We don’t see that number going down any time soon, so let’s turn it into a money lesson instead.

Knowledge is power 

With so many different consoles and video games on the market, teaching young gamers to do their research develops smart habits that will stick with them well into their adult years

Here are a few questions to get the conversation started: 

  • How much does each gaming console and individual game cost?
  • What are the differences between each video game platform and what makes them special? 
  • Which games interest them the most? Which platform is the right fit? 

One of our Greenlight moms, Natalie Y., says her three kids (ages 14, 16 and 18) make great decisions for their individual gaming interests.

“My kids each have different gaming preferences. One loves his Switch and Xbox. One loves his PS4 and Xbox. One loves her Wii U. They all love the 3DS. They’ve saved up for their machines, done their research and figured out which games are on which platforms. They get a set amount of money each week for jobs completed around the house — and they save up for the games they want.”

Read the fine print

Since video games often feature in-game purchases for accessories or level boosts, you have a good opportunity to teach your kids about the fine print. By linking a Greenlight card to these in-game add-ons, kids can see miscellaneous charges that often pop up.

“My kids have the cards attached to their XBOX, PC and phone accounts. It’s so much better than having my card attached and them accidentally buying stuff. Plus, it teaches them to be careful with things like recurring charges or hidden fees. They are much more careful about what they buy now,” shared another Greenlight mom, Alysson B. 

Level up with a gaming budget

Because the gaming industry is so fast-paced, new trends can keep prices steep. Use this as an opportunity to talk about a magical thing called budgeting. Tell your kids that without saving or budgeting, they might not be able to afford the latest game or console.

With Greenlight, parents can limit how much their kids spend on games, which keeps eager gamers from going overboard. Ohio mom Heather Renee Gilbert shared the secret to her game-loving son’s success.

“My son uses his Greenlight card for Xbox games. I created an Online Gaming greenlight for him where I put money specifically toward his gaming expenses. He earns money for his grades and his behavior. Having the greenlight specific for gaming is amazing because otherwise, he would blow through all the money I gave him.”

A little talking goes a long way

Raising financially-smart kids sometimes means getting crafty with teaching opportunities. The more relevant the topic, the more engaging the conversation can be. If your kids are into video games, why not start money talks around one of their favorite things?

Greenlight can help

Not sold just yet? Sign up for Greenlight and see for yourself!

Spotlight Stories: Henry H.

Welcome to the first of our Spotlight Story series, where we shine a light on Greenlight kids who are doing big things. Today we meet Henry, an eight-year-old kidpreneur with a sweet tooth and big dreams. If you’d like your kids to be featured on a Spotlight Story, please send us a direct message on Instagram or Facebook or email us at social@greenlightcard.com.

Meet Henry

Child with homemade cookies

Henry’s an 8-year-old who recently started his own cookie business. He always had a knack for business (he’s sold hot dogs, lemonade and hot chocolate!), and his most recent project is the sweetest one yet. 

He got the idea from a hand-me-down family recipe for cookies, and he had some extra quarantine time to start up the business. His parents set him up with a Greenlight card to help him manage his earnings and Henry’s Famous Cookie Company was born. 

How Henry started

Child making cookie batter

Henry and his mom have been making cookies together since he was two years old, using a cookie recipe borrowed from his grandma’s kitchen. Side note: She goes by Great Grandma Magic — how cool is that?! Earlier this spring, he had a lightbulb moment. These cookies are a hit with the family, so why not share them (and sell them!) with the world? 

He picked up the spatula, dusted off his bike and started hand-delivering the monster cookies to his neighbors. But he didn’t stop there. Henry now delivers his famous cookie dough all over Charlotte, N.C. — and his next step is a subscription model and nationwide shipping!

A day in the life of Henry

Henry’s two cents

Child posing with his homemade cookie dough

Feeling inspired? So are we! If you’re thinking about starting a business like Henry did, here’s his two cents: “Make more goals.” Whether you’re setting up savings goals in your Greenlight app or learning how to market your business, stick with it and keep aiming for bigger and better.

Images of Henry provided by LunahZon Photography www.lunahzon.com

5 money tips for parents with kids going back-to-school online

A year ago, back-to-school shopping was predictable: erasers, pencils, binders, you know the drill. This year, parents are doing the unimaginable. On top of back-to-school shopping for regular supplies, you’re searching for masks, desks, new WiFi packages and maybe these crazy new things called pandemic pods

Not sure what to do about it? Start with these 5 money tips for all you families going back-to-school online.

1. Address (but don’t stress!) the “what ifs” 

You and your kids might be playing the “what if” game right now, and a lot of your questions may be about money. Plan a day to hold a family town hall, and use this time to explain how virtual learning is affecting your finances. 

Answer your kids’ questions, ask them questions, and talk it out until you’re feeling ready to take on the new school year. You don’t need to pull up your master budgeting spreadsheet. Just show them how you’re cutting costs to afford new ones — or follow this helpful guide to make the conversation easier. 

2. Make savings goals as a family 

Young girl thinking

A recent Deloitte survey shows us a new spending category for back-to-school shopping this year: personal hygiene products and desks. You probably never thought you’d be buying masks and computer accessories for the new school year, did you? To make these new costs possible, saving will be important. 

Show your kids how you’re saving money. Then, set goals as a family! Maybe your goal is to limit spending on takeout or to put more of your paycheck in your emergency fund. Or maybe you’ll ask your kids to chip in for their school supplies — just have them set a savings goal in their Greenlight app. 

3. Divide and conquer (the house) 

Let’s be real — when you have a lot on your plate, one of the first things to take off your to-do list is household chores. You’re trying to work, teach, babysit, entertain and stay sane… and on top of that, you’re supposed to clean the house?!

Hand some chores over to your kids — we’ll get them all organized for you in your Greenlight app. Tell them they can earn more money if they double up on chores for the week (hello, negotiation skills!). Or explain to them that it’s part of their contribution to the house. 

This will save you time and give you a squeaky clean house. More importantly, it gives your kids a glimpse of the real world. They’ll have to choose how they want to manage their time, and they’ll get practice juggling different responsibilities. 

4. Team up with other families 

School supplies and calculator

It helps to know that you’re not going through this alone. Reach out to classmates’ parents, neighbors and family members for support and ideas about how to handle a semester of virtual learning. There are socially distanced ways to save money, time and hassle together — here are a few: 

  • Buy in bulk. Anything from school supplies to desk wipes can be bought in bulk so you and other families can save money. To keep your distance, you can quickly organize a bulk shopping drop-off. Smile and wave from afar!
  • Swap ideas. Some families are making private Facebook pages or group texts to chat about ways to save money and make virtual learning (and life!) easier. 
  • Join our Facebook group to connect with and learn from like-minded parents and Greenlight team members.
  • Start a group Pinterest board. Spread the knowledge with pictures, money-saving recipes and digital coupons. 

5. Don’t be afraid to ask for help 

This goes for you AND your kids. We’re all experiencing challenges in different ways, and a lot of these challenges impact our money situations. We’re here to make saving easier, help you manage chores and set savings goals with your kids — but here are some additional resources that might be able to help. 

  • See if your family is eligible for benefits. There are lots of resources available on Benefits.gov.
  • Keep your kids busy, without extra work for you. We pulled together a list of resources that have worked for our Greenlight parents who are spending more time at home with their kids.
  • Access free books online. Wilbooks is a site with more than 2,000 free books online. They’re sorted by grade and language so you can quickly find books that are right for your kids. 
  • Use virtual afterschool programs. Mizzen by Mott is a free app that gives you lessons and fun activities to keep your students busy and engaged even when the school day is over. 

A hug from us to you

The best tip of all: take a deep breath when you need to. It’s hard to stay calm with questions and worries, but you’re not alone. We’re sending virtual hugs your way. Check back often for more tips on going back-to-school online — and if you haven’t already, download the Greenlight app and get started!